The U.K.'s housing market looks to have stuttered in December, with the number of sales faltering and sales expectations for the three months ahead weakening noticeably compared with the previous month, a survey of property brokers shows Thursday. The Royal Institution of Chartered Surveyors' headline price gauge fell to plus 24 in December from plus 29 in November, breaking a run of four successive months of higher home-price balances. A positive reading means a bigger percentage of property brokers reported price increases compared with those reporting declines. Economists are closely watching house prices as an indicator of the overall health of the world's fifth-largest economy following last year's referendum to leave the European Union. Over the past three decades, U.K. households have cut spending every time house prices have fallen. (firstname.lastname@example.org)
(END) Dow Jones Newswires
January 18, 2017 19:15 ET (00:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.